We can help you with foreign currency transactions, big or small
If your business imports or exports goods or services from other countries, you may need to pay or receive foreign currencies.
Complete your transfers with:
- Business Internet Banking
- M-Exchange, our online foreign exchange dealing system
- Telephone, via our dealing room based in Glasgow
We can offer bespoke solutions from our suite of products to importers and exporters of all sizes - from those with regular foreign exchange cashflow needs, to businesses with large one-off foreign currency exposures.
Facilities are subject to status and eligibility

M-Exchange
The simple way to exchange foreign currencies with our easy-to-use currency trading platform.
- Secure
Safely and securely trade currencies - Fast
Execute trades online - Easy
Access live foreign exchange rates
M-Exchange explained
Learn how to use our FX trading platform with our short video guide.
- Book rates to buy or sell currencies
- Create a personalised Watchlist to follow the latest rates
- Control your FX deals, including spot and forward trades
- Track completed and outstanding trades with the FX Blotter
M-Exchange user guide Link opens in a new window

Terms, conditions & other important documents
Important Information
Foreign currency transactions involve the risk of loss because of movements in exchange rates. You should not enter into these transactions if you do not understand the risks. It is your responsibility to monitor your transactions on M-Exchange, Virgin Money will not be liable for your losses in any circumstances.
If you transact certain Foreign Exchange products with us, you will no longer be able to take advantage of favourable market movements.
For example, the FX Forward product will lock you in to a specific rate, so you'll not be able to take advantage of a rate change in your favour. However, as your rate is locked, you'll also be protected from an unfavourable rate change.
In addition, for some products a break cost, which could be significant may be payable if you seek to break the terms of the contract. You should take account of the likelihood of incurring break costs and what causes them to increase before you opt for a Foreign Exchange risk management solution.
More information on our Foreign Exchange products can be found within our key information documents.
Foreign Exchange products are only offered to customers with a currency exposure. Trading of a speculative nature is strictly prohibited.
Ready to apply?
To apply, please ensure you have read the Terms & Conditions. Link opens in a new window Then complete the below application form.
Download application form Link opens in a new windowPlease sign, scan and return to:
*Telephone and M-Exchange Foreign Exchange Services are only available to Virgin Money customers with Currency Accounts, and where a credit limit has been approved by a business bank Relationship manager.
Already a customer?
Sign in to M-ExchangeForeign Currency
Account
Staying in control of your finances is vital. If your business is involved in regular overseas trade and payments, a Foreign Currency Account will suit you down to the ground - it's a flexible and cost-effective way of managing your money.
Business Banking TariffsForeign Currency Account Guide Link opens in a new window
Business Currency Account Terms and Conditions Link opens in a new window
Personal Currency Account Terms and Conditions Link opens in a new window
- Choose from a range of major currencies to make or receive payments
- Convert funds from foreign currency to sterling and vice versa whenever you like
Your eligible deposits with Virgin Money are covered up to £85,000 per business with FSCS.
Terms and conditions apply. All facilities are subject to status and eligibility. Applicants must be aged 18 or over. You must be based and operated in the UK (excluding Channel Islands, Isle of Man & Northern Ireland). Fees apply.
Choose to have your accounts in
a range of foreign currencies
- United States Dollar (USD)
- Euro (EUR)
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- Danish Krone (DKK)
- Hong Kong Dollar (HKD)
- Japanese Yen (JPY)
- New Zealand Dollar (NZD)
- Norwegian Krone (NOK)
- Polish Zloty (PLN)
- Singapore Dollar (SGD)
- South African Rand (ZAR)
- Swedish Krona (SEK)
- Swiss Franc (CHF)
Interested in a Foreign Currency Account?
Please contact your relationship manager or call 0800 756 0800.
You'll need to have a sterling account with us before you can open a Foreign Currency Account.
Fancy a chat?
Get in touch and we'll talk you through the products and
services we can offer.
Additionally if you're interested in keeping up to date with foreign exchange rates and economic news, our Weekly FX Wrap Up provides summary information on the FX ranges for GBP/USD & GBP/EUR and other foreign exchange news.
These updates are provided for informational purposes only and do not constitute financial advice and should not be relied upon when making any investment decision.
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